Jonathan Wong
The Latest
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Citigroup Plans 60,000 Job Cuts by 2026 as Automation Redefines Global Banking Work
Citigroup's plan to reduce its global workforce by roughly 60,000 employees by the end of 2026 is emerging as one of the clearest signals yet that job losses across financial services are becoming structural rather than cyclical. The cuts, confirmed by Mark Mason, would bring the bank's headcount to about 180,000 and reflect a transformation driven by automation, artificial intelligence and a narrower strategic focus, rather than an economic downturn. 
Citigroup's plan to reduce its global workforce by roughly 60,000 employees by the end of 2026 is emerging as one of the clearest signals yet that job losses across financial services are becoming structural rather than cyclical. The cuts, confirmed by Mark Mason, would bring the bank's headcount to about 180,000 and reflect a transformation driven by automation, artificial intelligence and a narrower strategic focus, rather than an economic downturn. -
25,000 Tech Jobs Cut in January as Amazon, Meta and Banks Signal a New Phase of Layoffs
A new wave of job cuts swept through the global technology sector in January, eliminating nearly 25,000 roles in a single month and signaling that the post-pandemic workforce reset is far from over. Data from Layoffs.fyi shows that 24,818 jobs were cut across 27 technology companies in January alone, extending a downsizing cycle that has now reached beyond startups to some of the world's most profitable corporations. 
A new wave of job cuts swept through the global technology sector in January, eliminating nearly 25,000 roles in a single month and signaling that the post-pandemic workforce reset is far from over. Data from Layoffs.fyi shows that 24,818 jobs were cut across 27 technology companies in January alone, extending a downsizing cycle that has now reached beyond startups to some of the world's most profitable corporations. -
Inside Amazon’s Layoffs: Workers Dispute AI Narrative as 30,000 Corporate Roles Disappear
Amazon's latest wave of corporate layoffs-now exceeding 30,000 roles since last autumn-has been widely framed as a consequence of artificial intelligence replacing human labor. But interviews with current and former employees, including senior figures directly involved in Amazon's AI initiatives, point to a more conventional explanation: cost cutting after years of pandemic-era expansion at Amazon. 
Amazon's latest wave of corporate layoffs-now exceeding 30,000 roles since last autumn-has been widely framed as a consequence of artificial intelligence replacing human labor. But interviews with current and former employees, including senior figures directly involved in Amazon's AI initiatives, point to a more conventional explanation: cost cutting after years of pandemic-era expansion at Amazon. -
Amazon’s 30,000 Layoffs Tied to Massive GPU Funding Hole as AI Spending Soars - Report
Amazon's decision to eliminate roughly 30,000 corporate jobs over late 2025 and early 2026 has reverberated across the tech sector, as analysts increasingly frame the cuts less as a triumph of automation and more as a response to the soaring cost of artificial-intelligence infrastructure. Amazon's decision to eliminate roughly 30,000 corporate jobs over late 2025 and early 2026 has reverberated across the tech sector, as analysts increasingly frame the cuts less as a triumph of automation and more as a response to the soaring cost of artificial-intelligence infrastructure. -
Amazon Starts Largest Layoffs on Record as Up to 30,000 Corporate Roles Face Elimination
Amazon began the first wave of what could become the largest layoffs in its history on Jan. 26, initiating a multimonth workforce reduction that may eliminate up to 30,000 corporate jobs across the United States. Regulatory filings show that between 1,001 and 2,500 employees in Washington state are affected in the opening phase, with additional cuts scheduled through May in California, Virginia, and New Jersey. Amazon began the first wave of what could become the largest layoffs in its history on Jan. 26, initiating a multimonth workforce reduction that may eliminate up to 30,000 corporate jobs across the United States. Regulatory filings show that between 1,001 and 2,500 employees in Washington state are affected in the opening phase, with additional cuts scheduled through May in California, Virginia, and New Jersey. -
Tesla Ends One-Time FSD Sales, Shifts Self-Driving Software to $99-a-Month Subscription
Tesla will stop selling its Full Self-Driving software outright and move entirely to a subscription-based model next month, a strategic shift that turns one of the company's most controversial features into a recurring monthly bill and reframes how customers "own" core functionality in their vehicles. 
Tesla will stop selling its Full Self-Driving software outright and move entirely to a subscription-based model next month, a strategic shift that turns one of the company's most controversial features into a recurring monthly bill and reframes how customers "own" core functionality in their vehicles. -
Microsoft Allows Limited Copilot Uninstall in Windows 11, Keeping Firm Control Over AI Integration
Microsoft has quietly moved to allow limited removal of its Copilot artificial-intelligence assistant from Windows 11, offering long-requested relief to some users while preserving the company's broader control over how AI is integrated into its operating systems. 
Microsoft has quietly moved to allow limited removal of its Copilot artificial-intelligence assistant from Windows 11, offering long-requested relief to some users while preserving the company's broader control over how AI is integrated into its operating systems. -
Microsoft Weighs January Layoffs as Older Workers Warn of Disproportionate Impact?
Microsoft Corp. is bracing for another round of workforce reductions later this month, and internal anxiety is intensifying among employees over 40 amid claims that older workers could be disproportionately affected. While the company has not confirmed layoffs scheduled for January, internal chatter across verified employee forums points to job cuts potentially reaching into the tens of thousands, even as Microsoft continues to post strong profits and expand spending on artificial intelligence infrastructure. Microsoft Corp. is bracing for another round of workforce reductions later this month, and internal anxiety is intensifying among employees over 40 amid claims that older workers could be disproportionately affected. While the company has not confirmed layoffs scheduled for January, internal chatter across verified employee forums points to job cuts potentially reaching into the tens of thousands, even as Microsoft continues to post strong profits and expand spending on artificial intelligence infrastructure. -
BlackRock Buys $1.03 Billion in Bitcoin and Ethereum as Crypto Volatility Tests Institutional Conviction
BlackRock has sharply increased its exposure to digital assets, committing more than $1.027 billion to Bitcoin and Ethereum over three consecutive trading sessions, a move that underscores growing institutional conviction even as crypto markets remain volatile at the start of 2026. 
BlackRock has sharply increased its exposure to digital assets, committing more than $1.027 billion to Bitcoin and Ethereum over three consecutive trading sessions, a move that underscores growing institutional conviction even as crypto markets remain volatile at the start of 2026. -
SanDisk Shares Jump Over 20% as Investors Bet on AI’s Data-Storage Bottleneck
A sharp rally in SanDisk shares is forcing investors to reassess one of the least glamorous but most critical choke points in the artificial-intelligence boom: data storage. The stock surged more than 20% in a single session, extending a run that has turned the company into one of the market's standout infrastructure plays rather than a speculative technology trade. 
A sharp rally in SanDisk shares is forcing investors to reassess one of the least glamorous but most critical choke points in the artificial-intelligence boom: data storage. The stock surged more than 20% in a single session, extending a run that has turned the company into one of the market's standout infrastructure plays rather than a speculative technology trade.
